Unitil (UTL) FY2022 results: revenue $563 million, up 19.0% on the year
Unitil Corp. (UTL) reported revenue of $563 million for fiscal 2022, the year ended 31 December 2022, up 19.0% on the year before. Net income was $41 million, up 14.7%, and diluted earnings per share $2.59. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2023.
Revenue
$563 million
+19.0% on the year
FY2015FY2022
Operating margin
14.3%
16.4% a year earlier
FY2015FY2022
Net income
$41 million
+14.7% on the year
FY2015FY2022
Diluted EPS
$2.59
+10.2% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
97.7
108
75.7
-9.4%
Capital expenditure
122
115
123
+6.2%
Free cash flow
-24.4
-7.2
-46.9
Free cash flow margin
-4.3%
-1.5%
-11.2%
Cash from investing
-122
-115
-123
Cash from financing
26.9
7.7
47.7
+249.4%
Dividends paid
25.1
23.6
22.6
+6.4%
Dividend per share
$1.56
$1.52
$1.50
+2.6%
Diluted shares, weighted
16m
15m
15m
+4.0%
Shares outstanding at period end
16m
16m
15m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
468
448
389
+4.3%
Debt
612
570
586
+7.3%
Operating lease liabilities
2.8
3.1
n/a
-9.7%
Finance lease liabilities
0.1
0.2
n/a
-50.0%
Other liabilities
508
518
502
-2.0%
Total liabilities and equity
1,590
1,540
1,478
+3.3%
Trading assets
5.8
5.7
5.7
+1.8%
Cash and equivalents
9.0
6.5
6.0
+38.5%
Receivables
73.8
66.9
62.0
+10.3%
Other assets
1,502
1,461
1,404
+2.8%
Total assets
1,590
1,540
1,478
+3.3%
10-K for the year ended 31 December 2022, filed 14 February 2023: the filing.